The financial services firm reports Q2 GAAP EPS of $0.47, aligning with expectations, alongside a 13.8% year-over-year book value increase.
NewtekOne reported second-quarter GAAP earnings per share of $0.47, matching market estimates. Total interest income for the period reached $46.29M, reflecting the company’s revenue performance.
Book value per common share rose to $12.64, marking a 13.8% increase year-over-year and a 2.3% rise quarter-over-quarter. Tangible book value per share also climbed to $12.13, up 15.0% from the prior year and 2.4% sequentially.
The results highlight steady growth in shareholder value amid consistent earnings performance.